The broader indices are struggling at key support zones but several stocks have been making waves in the market, touching fresh 52-week highs. From cement and finance to IT hardware, these stocks have been trading above key moving averages. Let’s take a closer look at 5 stocks that hit 52-week highs in trade on Thursday- February 13.
Kotak Mahindra Bank
Kotak Mahindra Bank share price saw a sharp rally, hitting a fresh 52-week high of Rs 1,992.80 in the last trading session. The RBI lifted restrictions on Kotak Mahindra Bank’s digital banking operations, allowing it to issue new credit cards and open bank accounts via online platforms. Over the past year, Kotak Mahindra Bank’s share price has risen 12%.
Muthoot Finance
Muthoot Finance has been a standout performer, benefiting from the rising demand for gold loans. The share price surged 7% on Thursday to hit a 52-week high of Rs 2,334.80. The share price has gained over 3% in the last five days and 10% over the past month. Over the past year, Muthoot Finance share price has delivered a 68% gain.
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Shree Cement, a leading player in India’s cement industry, share price hit a fresh 52-week high of Rs 28,680 in the last trading session. The share price of Shree Cement is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, the stock has gained 5.28%.
SBI Cards and Payment Services
SBI Cards has been in an uptrend, fuelled by growing digital payments and consumer spending. The share price of SBI Cards reached a new 52-week high of Rs 859.50 in the latest session.
In the last five days, the stock has gained 6%. Over the past year, the share price of the company has surged by 19%. The company has a market cap of Rs 81,760 crore.
Redington
Redington, a mid-cap company in the IT hardware distribution space, has been gaining investor attention, hitting a fresh 52-week high of Rs 244.90 in the previous trading session. The share price of Redington jumped over 7% in the latest session.
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